You guys are all silly. I have never owned 1 crypto, not even a doggy-coin, but if ya'll think BTC is going away, I think you're nuts. Lets see what it does around $37.75K.
Shitcoins rise more in the late stages of every BTC bull market because plebs think they missed the BTC gains so they channel their FOMO into shitcoins that they think might be "the next bitcoin". Plus Elon Musk has been shilling for dogecoin constantly. It's still super early though. Long term price target for bitcoin is at least 500k which would put it on parity with gold.
Nobody said going away. But if it stucks between 30 and 40K for the next 3 years while ETH goes up 400%, that is a big sector rotation and finally for a coin that deserves it. And who knows, there might even be a coin that can be used as a currency...
There is, XRP. Just need the bs SEC case to be tossed then it will get added back onto U.S. exchanges
And there you have it folks. Every fool buying crypto like the only way was up, 2 weeks later bitcoin is down $30,000 off its highs. $30,000 bucks and you fools think this is going to be the future of how we make transactions. Did you notice tesla has now retracted from taking payments in bitcoin. Hahahahahah
I thought this was the future mannnnnnnnnn Bitcoin plunges 12% after Elon Musk tweets that Tesla will not accept it as payment https://amp-cnn-com.cdn.ampproject.org/v/s/amp.cnn.com/cnn/2021/05/12/tech/elon-musk-tesla-bitcoin/index.html?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQArABIA==#aoh=16214723223432&referrer=https://www.google.com&_tf=From %1$s&share=https://www.cnn.com/2021/05/12/tech/elon-musk-tesla-bitcoin/index.html
Next stop $46K. If it takes that out, it'll keep going. Its starting to behave more and more like a high (volatility) stock. If that is in fact the case, its gonna keep climbing. Edit... 42.7- 44.6 will definitely be a battleground road though
It's so funny to see all the pessimists running their mouths when the market takes a 50% dump. No, the markets aren't done yet. And it's a good thing your not in it with that attitude....
46 to 47 was a good buy. We may get one more dip, even a (very) brief spike to around 39, but I'd say if this thing drops below 42, go all in and don't look back. Doubtful it will, but it could do one last washout. Odds are it might see 43.8, but either way I'm pretty sure in a few months it will be much higher. Buyers can hold off and cross their fingers for another dip, or just buy here and ignore the noise. Jmho and I own zero. Strictly treating it like the price action of a halfway decent solid growth stock in an "on the fence" market environment based on a dozen similar type observations over the years. As I said in the other thread, the more time passes, the more this will act like a stock. Like CRM in March of 2019 if one must look. Give or take a little.